Daily Current Affairs May 27
Table of Contents
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May 27 | Daily Current Affairs 2024
Sports – Daily Current Affairs May 27
1. Who won the IPL 2024 final?
A) Mumbai Indians
B) Chennai Super Kings
C) Kolkata Knight Riders
D) Sunrisers Hyderabad
E) Royal Challengers Bangalore
Answer: C) Kolkata Knight Riders
Event and Location:
- Event: IPL 2024 Final
- Location: M.A. Chidambaram Stadium, Chennai
Mandates and Objectives:
- Kolkata Knight Riders (KKR) aimed to secure their third IPL title.
- Sunrisers Hyderabad (SRH) aimed to win the IPL title after a record-breaking season.
- KKR needed to chase down the modest total set by SRH.
- SRH aimed to defend their low total by restricting KKR’s batsmen.
Important Terms Explained:
- IPL (Indian Premier League): A professional Twenty20 cricket league in India.
- PowerPlay: The first six overs of a T20 match where fielding restrictions are in place, favoring the batting side.
- Impact Player: A player who can be substituted in and out for tactical purposes during the match.
Static GK Information:
Kolkata Knight Riders:
- Founded Year: 2008
- CEO/MD: Venky Mysore
- Headquarters: Kolkata, India
Sunrisers Hyderabad:
- Founded Year: 2012
- CEO: K. Shanmugam
- Headquarters: Hyderabad, India
Tabular Summary:
Event | Details |
Match | IPL 2024 Final |
Teams | Kolkata Knight Riders vs Sunrisers Hyderabad |
Location | M.A. Chidambaram Stadium, Chennai |
Result | KKR won by 8 wickets |
KKR’s Title Count | Third IPL title |
SRH’s Total Score | 113 runs in 18.3 overs |
Top Scorer for SRH | Pat Cummins (24 runs off 19 balls) |
Winning Moment | Single run by Venkatesh Iyer |
Player of the Match | Mitchell Starc |
2. Who is the oldest Indian woman to summit Mount Everest as of 2024?
A) Bachendri Pal
B) Premlata Agarwal
C) Sangeeta Bahl
D) Jyoti Ratre
E) Arunima Sinha
Answer: D) Jyoti Ratre
Event and Location:
- Event: Jyoti Ratre summits Mount Everest
- Location: Mount Everest
Mandates and Objectives:
- Successfully summit Mount Everest.
- Set a new record as the oldest Indian woman to reach the peak.
- Inspire others by overcoming previous failed attempts and challenges.
Important Terms Explained:
- Mount Everest: The highest mountain in the world, standing at 8,848 meters (29,029 feet) above sea level.
- Lhotse Camp: A high-altitude camp located at 7,800 meters, often used by climbers during their Everest expeditions.
Static GK Information:
Mount Everest:
- Location: Nepal-China border in the Himalayas
- First Ascent: May 29, 1953 by Sir Edmund Hillary and Tenzing Norgay
Jyoti Ratre:
- Age: 55
- Profession: Entrepreneur and mountaineer
- Notable Achievements: Summited the highest peaks on five continents including Island Peak, Elbrus, Kilimanjaro, Mount Aconcagua, and Kosciuszko.
Tabular Summary:
Event | Details |
Achievement | Oldest Indian woman to summit Mount Everest |
Name | Jyoti Ratre |
Age | 55 years |
Summit Date | May 19, 2024 |
Previous Record Holder | Sangeeta Bahl (2018, at 53 years) |
Climbing Guides | Lakpa Nuru Sherpa, Ming Nuru Sherpa, Pasang Tenzing Sherpa |
Expedition Team | 8K Expeditions, led by David Hugo Ayaviri Quispe |
Challenges Faced | Harsh weather, high wind, long stay at high altitudes |
Future Goals | Summit Mount Vinson (Antarctica) and Denali (North America) |
Ranking – Daily Current Affairs May 27
3. Which state added the most transmission lines by state utilities in FY24?
A) Gujarat
B) Tamil Nadu
C) Bihar
D) Uttar Pradesh
E) Andhra Pradesh
Answer: D) Uttar Pradesh
Event and Location:
- Event: Transmission line additions by state utilities in FY24
- Location: India
Mandates and Objectives:
- Increase the length of transmission lines by state utilities.
- Enhance the transmission capacity and reliability of the power grid.
Important Terms Explained:
- Transmission Line: High-voltage power lines used to transport electricity over long distances from power plants to substations.
- Central Electricity Authority (CEA): The apex body responsible for advising the Indian government on matters related to the national electricity policy.
- ckm (Circuit Kilometer): A measure of the length of electrical transmission or distribution lines, considering the number of circuits.
Static GK Information:
Uttar Pradesh Power Transmission Corporation Ltd (UPPTCL):
- Headquarters: Lucknow, Uttar Pradesh
- Key Achievement: Added 1,460 ckm of transmission lines in FY24.
Gujarat Energy Transmission Corporation Ltd (GETCO):
- Headquarters: Vadodara, Gujarat
- Key Achievement: Added 898 ckm of transmission lines in FY24.
Central Electricity Authority (CEA):
- Founded Year: 1951
- Headquarters: New Delhi, India
Tabular Summary:
Event | Details |
Leading State Utility | Uttar Pradesh Power Transmission Corporation Ltd (UPPTCL) |
Transmission Line Addition | 1,460 ckm (220kV or above) |
Second-ranking Utility | Gujarat Energy Transmission Corporation Ltd (GETCO) |
Second-ranking Utility Addition | 898 ckm |
Total State Sector Addition | 6,993 ckm |
UPPTCL’s Important Line Commissioned in FY24 | 220kV double-circuit, 174 ckm from Maharajgang to Gorakhpur |
Upcoming UPPTCL Project | 400kV double-circuit line, 478 ckm from Aligarh to Shamli |
UPPTCL’s Achievement in FY23 | Added 1,447 ckm of transmission lines |
Banking and Finance – Daily Current Affairs May 27
4. What is the primary reason for Maldives launching India’s RuPay service?
A) To promote tourism
B) To enhance digital payments
C) To strengthen the Maldivian Rufiyaa
D) To attract foreign investments
E) To facilitate remittances
Answer: C) To strengthen the Maldivian Rufiyaa
Event and Location:
- Event: Planned launch of RuPay service in Maldives
- Location: Maldives
Mandates and Objectives:
- Launch India’s RuPay service in Maldives.
- Facilitate payments in Indian Rupees.
- Strengthen the Maldivian Rufiyaa (MVR).
- Save on import bills from India and China by using local currencies.
Important Terms Explained:
- RuPay: A global card payment network launched by the National Payments Corporation of India (NPCI) with acceptance at ATMs, POS devices, and e-commerce websites.
- Maldivian Rufiyaa (MVR): The currency of Maldives.
- Special Rupee Vostro Accounts (SRVAs): Accounts that allow trade in local currencies between India and other countries, as promoted by the Reserve Bank of India.
Static GK Information:
Maldives:
- Country Name: Maldives
- Currency: Maldivian Rufiyaa (MVR)
- Capital: Malé
- President: Mohamed Muizzu
National Payments Corporation of India (NPCI):
- Founded Year: 2008
- CEO/MD: Dilip Asbe
- Headquarters: Mumbai, India
Tabular Summary:
Event | Details |
Announcement | Maldives plans to launch RuPay service |
Location | Maldives |
Purpose | Strengthen Maldivian Rufiyaa |
Annual Import Bill | $1.5 million from India and China |
Expected Savings | Almost 50% of the import bill |
Engagements | Discussions with India to facilitate payments in rupees |
Support | Indian High Commissioner Munu Mahawar |
NPCI Product | RuPay |
5. Why did RBI impose a penalty on Hero FinCorp?
A) Fraudulent transactions
B) Non-compliance with fair practices code
C) Money laundering
D) Failure to meet capital requirements
E) Misreporting financial statements
Answer: B) Non-compliance with fair practices code
Event and Location:
- Event: RBI imposes penalty on Hero FinCorp
- Location: India
Mandates and Objectives:
- Ensure compliance with fair practices code.
- Penalize non-compliance to reinforce adherence to regulatory standards.
Important Terms Explained:
- Fair Practices Code: Guidelines issued by the RBI to ensure fair treatment of borrowers and transparency in lending practices.
- Statutory Inspection: An official review conducted by the RBI to assess a financial institution’s compliance with regulations.
Static GK Information:
Reserve Bank of India (RBI):
- Founded Year: 1935
- Governor: Shaktikanta Das
- Headquarters: Mumbai, India
Hero FinCorp:
- Founded Year: 1991
- CEO/MD: Abhimanyu Munjal
- Headquarters: New Delhi, India
Tabular Summary:
Event | Details |
Penalty Imposed By | Reserve Bank of India (RBI) |
Company Penalized | Hero FinCorp Limited |
Penalty Amount | Rs 3.1 lakh |
Reason for Penalty | Non-compliance with fair practices code |
Financial Position Date | March 31, 2023 |
Non-compliance Details | Terms and conditions not conveyed in vernacular language |
RBI’s Stance | Penalty for regulatory deficiencies, not transaction validity |
Further Actions | Additional actions by RBI possible |
Business and Economy – Daily Current Affairs May 27
6. How much did Google invest in Flipkart in the latest funding round?
A) $250 million
B) $300 million
C) $350 million
D) $400 million
E) $450 million
Answer: C) $350 million
Event and Location:
- Event: Google invests in Flipkart
- Location: India
Mandates and Objectives:
- Google to become a minority investor in Flipkart.
- Support Flipkart’s business expansion and digital infrastructure modernization.
- Leverage Google Cloud collaboration to enhance services for customers.
Important Terms Explained:
- Minority Investor: An investor who holds a smaller portion of a company’s shares and typically has limited influence over company decisions.
- Digital Economy: The global network of economic activities, commercial transactions, and professional interactions enabled by information and communication technologies.
- Cloud Collaboration: The use of cloud-based technologies to facilitate teamwork and business operations over the internet.
Static GK Information:
Flipkart:
- Founded Year: 2007
- Founders: Sachin Bansal and Binny Bansal
- Headquarters: Bengaluru, India
- Valuation: Nearly $36 billion
- Parent Company: Walmart
Google:
- Founded Year: 1998
- Founders: Larry Page and Sergey Brin
- CEO: Sundar Pichai
- Headquarters: Mountain View, California, USA
Walmart:
- Founded Year: 1962
- Founder: Sam Walton
- CEO: Doug McMillon
- Headquarters: Bentonville, Arkansas, USA
Tabular Summary:
Event | Details |
Investment Amount | $350 million |
Investor | |
Investee | Flipkart |
Valuation of Flipkart | Nearly $36 billion |
Parent Company of Flipkart | Walmart |
Objective of Investment | Business expansion and digital infrastructure modernization |
User Base of Flipkart | Over 500 million registered users |
Products Offered | Over 150 million across 80+ categories |
Sellers on Platform | Over 1.4 million, including Shopsy sellers |
7. What is the value of the transaction for Tata Play’s 30% stake sold by Disney to Tata Group?
A) $500 million
B) $1 billion
C) $1.5 billion
D) $2 billion
E) $2.5 billion
Answer: B) $1 billion
Event and Location:
- Event: Disney sells its stake in Tata Play to Tata Group
- Location: India
Mandates and Objectives:
- Disney to sell its 30% stake in Tata Play to Tata Group.
- Tata Group to take full control of Tata Play.
- Strengthen Tata Group’s position in the media and entertainment sector.
Important Terms Explained:
- Tata Play: A subscription television broadcaster in India, formerly known as Tata Sky.
- Viacom 18 Media Pvt: A media company in India involved in the merger with Disney’s India unit.
- Direct-to-Home (DTH): A method of receiving satellite television by means of signals transmitted directly from satellites to viewers’ homes.
Static GK Information:
Tata Group:
- Founded Year: 1868
- Founder: Jamsetji Tata
- Chairman: Natarajan Chandrasekaran
- Headquarters: Mumbai, India
Walt Disney Company:
- Founded Year: 1923
- Founders: Walt Disney and Roy O. Disney
- CEO: Bob Iger
- Headquarters: Burbank, California, USA
Tabular Summary:
Event | Details |
Transaction | Disney sells 30% stake in Tata Play to Tata Group |
Transaction Value | $1 billion |
Tata Play Valuation | $1 billion |
Tata Group’s Stake | Over 70% after acquiring Temasek Holding’s stake |
Disney’s Other Agreements | Combining its India unit with Viacom 18 |
Tata Play User Base | 23 million connections across India |
Incorporation Year of Tata Play | 2001 |
Original Joint Venture Partners | Tata Group and TFCF Corp. |
Appointments – Daily Current Affairs May 27
8. Who was named an ICC ambassador for the T20 World Cup 2024 along with Yuvraj Singh, Chris Gayle, and Usain Bolt?
A) Sachin Tendulkar
B) Ricky Ponting
C) Shahid Afridi
D) Brian Lara
E) Jacques Kallis
Answer: C) Shahid Afridi
Event and Location:
- Event: T20 World Cup 2024
- Location: United States and West Indies
Mandates and Objectives:
- The ICC appointed ambassadors to promote and represent the T20 World Cup 2024.
- Enhance the visibility and excitement of the tournament by involving renowned sports personalities.
Important Terms Explained:
- ICC (International Cricket Council): The global governing body for cricket.
- T20 World Cup: A biennial international championship of Twenty20 cricket organized by the ICC.
Static GK Information:
Shahid Afridi:
- Nationality: Pakistani
- Notable Achievements: Player of the Tournament in the inaugural T20 World Cup (2007), led Pakistan to the title in 2009.
- T20I Career: 99 matches, 98 wickets, and 1,416 runs.
Yuvraj Singh:
- Nationality: Indian
- Notable Achievements: Known for hitting six sixes in an over in the 2007 T20 World Cup.
Chris Gayle:
- Nationality: Jamaican
- Notable Achievements: One of the most successful T20 players with numerous records in the format.
Usain Bolt:
- Nationality: Jamaican
- Notable Achievements: World’s fastest man and multiple Olympic gold medalist in sprinting.
Tabular Summary:
Event | Details |
Match | T20 World Cup 2024 |
Location | United States and West Indies |
Ambassadors | Shahid Afridi, Yuvraj Singh, Chris Gayle, Usain Bolt |
Afridi’s T20 World Cup Achievements | Player of the Tournament (2007), Champion (2009) |
Pakistan’s Group | Group A (India, USA, Canada, Ireland) |
Pakistan’s Opening Match | June 6 against the USA in Texas |
Awards – Daily Current Affairs May 01
9. Who won the Orange Cap in IPL 2024?
A) Shubman Gill
B) Jos Buttler
C) Virat Kohli
D) David Warner
E) KL Rahul
Answer: C) Virat Kohli
Event and Location:
- Event: IPL 2024 Awards
- Location: M.A. Chidambaram Stadium, Chennai
Mandates and Objectives:
- Recognize individual and team performances in IPL 2024.
- Award players for exceptional performances in various categories throughout the season.
Important Terms Explained:
- Orange Cap: Awarded to the highest run-scorer in the IPL season.
- Purple Cap: Awarded to the highest wicket-taker in the IPL season.
- Most Valuable Player: Recognizes the player with the most impactful performances across the season.
- Fairplay Award: Given to the team that played the tournament with the best sportsmanship.
- Emerging Player: Awarded to a young player who has showcased exceptional talent and performance.
- Electric Striker of the Season: Awarded to the player with the highest strike rate in the season.
- Man of the Match (Final): Awarded to the best performer in the IPL final match.
Static GK Information:
Virat Kohli:
- Current Team: Royal Challengers Bangalore
- Highest IPL Run-scorer.
Harshal Patel:
- Current Team: Punjab Kings
- Notable Achievement: Purple Cap winner twice
Mitchell Starc:
- Current Team: Kolkata Knight Riders
- Special Recognition: Man of the Match in IPL 2024 Final
Tabular Summary:
Award | Winner |
Orange Cap | Virat Kohli (RCB) |
Purple Cap | Harshal Patel (Punjab Kings) |
Most Valuable Player | Sunil Narine (KKR) |
Fairplay Award | Sunrisers Hyderabad (Team) |
Emerging Player | Nitish Kumar Reddy (SRH) |
Highest Score in 2024 | Marcus Stoinis (124 not out) |
Fastest Century | Travis Head (102 off 39 balls) |
Electric Striker of the Season | Jake Fraser-McGurk |
RuPay On the Go Four of the Match | Rahmanullah Gurbaz |
Man of the Match (Final) | Mitchell Starc (KKR) |
10. Who received the Amal Clooney Women’s Empowerment Award at the Prince’s Trust Awards in London?
A) Malala Yousafzai
B) Arti
C) Greta Thunberg
D) Jacinda Ardern
E) Emma Watson
Answer: B) Arti
Event and Location:
- Event: Prince’s Trust Awards
- Location: London, UK
Mandates and Objectives:
- Recognize and honor individuals who have made significant contributions to women’s empowerment.
- Inspire other young women through exemplary achievements.
- Promote sustainable and safe transport initiatives.
Important Terms Explained:
- Amal Clooney Women’s Empowerment Award: An award named after the renowned human rights barrister, given to individuals who have significantly contributed to women’s empowerment.
- Prince’s Trust International: An organization founded by King Charles (formerly Prince of Wales) supporting young people through employment, education, and enterprise programs globally.
- Pink E-Rickshaw Initiative: A government scheme in India providing subsidized e-rickshaws to women to increase their employment opportunities and enhance safe transport.
Static GK Information:
United Kingdom:
- Capital: London
- Monarch: King Charles III
- Currency: British Pound Sterling (GBP)
- Prime Minister: Rishi Sunak
India:
- Capital: New Delhi
- Currency: Indian Rupee (INR)
- President: Droupadi Murmu
- Prime Minister: Narendra Modi
Tabular Summary:
Event | Details |
Award | Amal Clooney Women’s Empowerment Award |
Winner | Arti |
Event Location | London, UK |
Presented By | Prince’s Trust International |
Special Recognition | Women’s empowerment and safe transport |
Key Speaker | Amal Clooney |
Supporting Organizations | Prince’s Trust International, Aga Khan Foundation |
Initiative | Pink E-Rickshaw |
Scheme Objective | Empower women, increase employment opportunities, improve safe transport |
11. Which company received ‘The Economic Times HR World Future Ready Organization Award 2024-25’?
A) Tata Power
B) NTPC
C) NHPC
D) Reliance Power
E) Adani Power
Answer: C) NHPC
Event and Location:
- Event: The Economic Times HR World Future Ready Organization Award 2024-25
- Location: Mumbai, India
- Date: May 23, 2024
Mandates and Objectives:
- Recognize organizations for their future preparedness in various HR practices.
- Highlight NHPC’s achievements in upskilling employees, ESG interventions, DE&I initiatives, technological upgradations, and corporate governance.
Important Terms Explained:
- NHPC (National Hydroelectric Power Corporation): A premier hydropower company in India.
- ESG (Environmental, Social, and Governance): Criteria used to measure a company’s sustainability and societal impact.
- DE&I (Diversity, Equity, and Inclusion): Initiatives aimed at promoting a diverse, equitable, and inclusive workplace.
Static GK Information:
NHPC:
- Founded Year: 1975
- Headquarters: Faridabad, Haryana, India
- Chairman & Managing Director: Abhay Kumar Singh
The Economic Times:
- Founded Year: 1961
- Publisher: Bennett, Coleman & Co. Ltd.
- Headquarters: Mumbai, India
Tabular Summary:
Event | Details |
Award | The Economic Times HR World Future Ready Organization Award 2024-25 |
Recipient | NHPC |
Received By | Uttam Lal (Director, Personnel), Lucas Guria (Executive Director, HR) |
Location of Ceremony | Mumbai, India |
Date of Ceremony | May 23, 2024 |
Key Areas Recognized | Upskilling, ESG interventions, DE&I initiatives, technological upgrades, employee engagement, corporate governance |
Defence – Daily Current Affairs May 27
12. What is the value of the order Cochin Shipyard received from North Star Shipping for hybrid SOVs?
A) EUR 40 million
B) EUR 50 million
C) EUR 60 million
D) EUR 70 million
E) EUR 80 million
Answer: C) EUR 60 million
Event and Location:
- Event: Cochin Shipyard secures an order for hybrid SOVs
- Location: Kochi, India
Mandates and Objectives:
- Build hybrid Service Operation Vessels (SOVs) for North Star Shipping.
- Enhance capabilities in the offshore renewable energy segment.
- Deliver high-quality, sustainable maritime solutions.
Important Terms Explained:
- Service Operation Vessel (SOV): A specialized vessel used for the maintenance and operation of offshore wind farms.
- Hybrid SOV: A vessel that combines conventional and electric propulsion systems to reduce emissions.
- DNV (Det Norske Veritas): An international accredited registrar and classification society headquartered in Norway.
- Azimuth Propulsion System: A type of propulsion system that provides 360-degree thrust, enhancing the maneuverability of vessels.
- 3D Motion Compensated Gangway System: A system used to transfer personnel safely between the vessel and offshore structures, compensating for the vessel’s motion.
Static GK Information:
Cochin Shipyard Limited (CSL):
- Founded Year: 1972
- Chairman & Managing Director: Madhu S. Nair
- Headquarters: Kochi, India
North Star Shipping:
- Founded Year: 1883
- Headquarters: Aberdeen, UK
- Specialization: Offshore renewable energy sector
Siemens Gamesa:
- Founded Year: 1976
- Headquarters: Zamudio, Spain
- Specialization: Wind turbine manufacturing and maintenance
Tabular Summary:
Event | Details |
Order Value | EUR 60 million |
Client | North Star Shipping, UK |
Purpose of Vessels | Service, maintenance, and operational needs of offshore wind industry |
Deployment Site | Scottish Power Renewables East Anglia THREE offshore wind farm |
Vessel Design | Designed by VARD AS, Norway, based on the proven 4 19 design |
Vessel Specifications | 85m Hybrid SOVs with electric azimuth propulsion and 3D motion compensated gangway system |
Propulsion System | Hybrid electric with 4 diesel generator sets and a large Lithium battery pack |
Capacity | Accommodates 80 technicians and crew with DNV comfort ratings and Dynamic Positioning System |
Current Projects | 2 Commissioning Service Operation Vessels (CSOVs) for a European client |
Strategic Importance | Strengthening CSL’s footprint in the global renewable energy segment |
Over All Review
Sports
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Ranking
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Banking and Finance
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Business And Economy
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Appointments
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Awards
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Defence
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